Printer Friendly

PATTERN PROCESSING TECHNOLOGIES, INC. ANNOUNCES COMPLETION OF $1,237,500 PRIVATE FINANCING

 MINNEAPOLIS, April 28 /PRNewswire/ -- Pattern Processing Technologies, Inc. (NASDAQ: PPRO) announced today that it has completed a private equity financing with gross proceeds of approximately $1,237,500. The equity was raised through the sale of 330,000 shares of the common stock of the company. The net proceeds of the financing will be used by the company for capital expenditures and general working capital purposes.
 Peterson Brothers Securities Company acted as agent for the company in connection with the private placement. Upon completion of the offering, the company has 2,115,208 shares outstanding.
 Pattern Processing Technologies, Inc. designs, manufactures, markets, and integrates machine vision-based automated inspection systems for manufacturing applications such as electronic and mechanical assembly verification, character verification, packaging integrity, surface flaw detection, and gauging and measurement tasks.
 Pattern Processing Technologies, Inc.'s common stock is traded on the NASDAQ system under the symbol PPRO.
 -0- 4/28/93
 /CONTACT: Joseph C. Christenson, president of Pattern Processing, 612-942-5747/
 (PPRO)


CO: Pattern Processing Technologies, Inc. ST: Minnesota IN: SU: FNC

AL -- MN002 -- 1931 04/28/93 11:09 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 28, 1993
Words:181
Previous Article:BELL INDUSTRIES REPORTS RESULTS
Next Article:OLYMPIC FINANCIAL REPORTS RESULTS FOR THIRD QUARTER
Topics:


Related Articles
INTELLICALL ANNOUNCES NEW OFFICERS
AUDIO KING CORPORATION ANNOUNCES COMPLETION OF $1,200,000 PRIVATE FINANCING
SAZTEC INTERNATIONAL COMPLETES $1.5 MILLION IN FUNDING; ANNOUNCES NEW ACQUISITION
NESTOR REPORTS RESULTS
PACIFIC ASIA SIGNS LETTER OF INTENTS FOR PRIVATE PLACEMENT AND U.S. PUBLIC OFFERING
PATTERN PROCESSING TECHNOLOGIES, INC. REPORTS FISCAL 1993 SECOND QUARTER RESULTS
PATTERN PROCESSING TECHNOLOGIES, INC. ANNOUNCES $440,000 PRIVATE PLACEMENT
SIXTY EIGHT THOUSAND INC. AND NETWORKED PICTURE SYSTEMS INC. ANNOUNCE BUSINESS COMBINATION AND PRIVATE FINANCING
BIOMAGNETIC TECHNOLOGIES INC. ANNOUNCES SHORT-TERM DEBT FINANCING
GCP Capital Group.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters